The Very Best Online Payment Processors

If you are running an online business, then choosing a payment processor is probably the most important decision you can make. Depending on the size of your business and how many online transactions you predict you will make, you should be able to find a payment processor that best suites your needs and that of your website.

Here we will look at some of the very best online payment processors and what makes them so popular. We will also show you which processors are the best for different sites.


1. WorldPay

In terms of the services that are offered to businesses, WorldPay is probably the best payment processor online right now. WorldPay enables customers to stay on your website while they are purchasing your products, much like the aforementioned PayPal. WorldPay also has what they call a 'Virtual Terminal' which allows you to accept secure payments over the phone while using a computer or mobile device. In terms of the online security element of payment processors, WorldPay is quite far ahead of their competition with their ability to keep all payment details safe and secure at all times.


2. PayPal

PayPal still remains the biggest payment processor online right now and it is continuing to grow constantly. They have now released their own card swipers so then people can pay directly into your PayPal account even when they are in your high street store. Online customers are even able to purchase items without actually leaving the site, which is naturally very appealing to website owners that are looking to improve their bounce rate in whatever way they can.


3. Dwolla

This payment processor has been described by many as the biggest rival that giants like PayPal currently have to deal with. Dwolla is being considered a big threat mainly because it doesn't charge any fees for transactions that are less than $10. Naturally this is proving to be a very appealing quality for some smaller businesses that do not deal with large sales. Even when a transaction is over $10, the charge is only $0.25. Funds can also be transferred through social media.

The low transaction fees are more than enough to convince some smaller businesses to use Dwolla. Many though will still feel more confident to use one of the bigger name processors.

ACH Payments

4. ACH Payments

This is a good payment processor to use if you are planning on making global transactions and you want to be able to handle everything in one place. It is able to process payments from credit cards and mobile devices while also serving as a merchant gateway. The only real downside to using this system is that it doesn't really suit small businesses that only expect to do small amounts of online business. If you have a big business that wants to do global transactions however, then this system will be very helpful indeed.


5. Stripe

Stripe is a payment processor that you should only really use if you are a web developer. This processor allows you to integrate its system into your site during the development stage. This means that you don't have to spend time setting up a merchant account with another processor and allows you to set up your own payment forms.

If you are looking for something that will give you a little more control, then Stripe is a good way to go. But you can only really use it if your site is in the development stage and you have quite a bit of knowledge about web development yourself.


6. 2CheckOut

This payment processor is both a merchant and a payment gateway, so there is no need to sign up for additional services in order to get this up and running properly. This will make this processor very appealing for people who do not have a lot of time to get their processor set up, or they are looking for something simple and easy to deal with.

2CheckOut also comes with the ability to accept international payments and crate a shopping cart feature. It does not offer much in terms of control, but it is something nice and simple for someone who want a payment processor set up quickly.

The services that are available to businesses though are really what pushes WorldPay above its competitors. While the other payment processors we have looked at do have a lot to offer, it is WorldPay that really has the best all-round service for business owners.

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